XLM, one of the best set ups we have seen in a while
Let's sum it up:
- Stop losses raided
- Very strong horizontal support zone
- 4h had bullish divergence
- Daily RSI oversold
- Very strong falling wedge with near perfect trendlines
- 4h candle closed above 14 EMA
- 1h candle closed above 50 EMA and is above 14 EMA
- 1h 50 and 14 EMA looking to make a bullish cross
- Making higher highs on short time frame
- Daily currently making a bullish engfuling candle (stil has alot of time before closing)
The risk/reward ratio on this trade is very good, risk is low and probability of a
- Stop losses raided
- Very strong horizontal support zone
- 4h had bullish divergence
- Daily RSI oversold
- Very strong falling wedge with near perfect trendlines
- 4h candle closed above 14 EMA
- 1h candle closed above 50 EMA and is above 14 EMA
- 1h 50 and 14 EMA looking to make a bullish cross
- Making higher highs on short time frame
- Daily currently making a bullish engfuling candle (stil has alot of time before closing)
The risk/reward ratio on this trade is very good, risk is low and probability of a
Note
falling wedge
Note
stops raided Note
4h close above 14 EMA 
My ideas are not meant for trading advice, always do your own research. Always be prepared for bull and bear scenarios
If my ideas were helpfull, feel free to donate here: 1Kufwyg8tq8s76SUfCPvCZUVgLxSha8UZZ
If my ideas were helpfull, feel free to donate here: 1Kufwyg8tq8s76SUfCPvCZUVgLxSha8UZZ
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
My ideas are not meant for trading advice, always do your own research. Always be prepared for bull and bear scenarios
If my ideas were helpfull, feel free to donate here: 1Kufwyg8tq8s76SUfCPvCZUVgLxSha8UZZ
If my ideas were helpfull, feel free to donate here: 1Kufwyg8tq8s76SUfCPvCZUVgLxSha8UZZ
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.